ADP Ventures

Chamaeleon is a new early-stage venture capital firm that brings together 3 partners that have long collaborated as investors, operators and entrepreneurs that will focus on investing in truly transformative companies. We have learnt from our experience to see near and far, to be global and local, to be strategic and pragmatic, all at the same time. Our “superpowers” have helped numerous entrepreneurs craft breakout successes and with Chamaeleon, we will take it to the next level. For an industry that is fueled by technology, its innovations and the sometimes stratospheric returns on its investments, venture capital - in particular in early-stage - is an industry surprisingly lacking in technology, at its core. Although the operating models and playbooks used to source and do due diligence on start-ups - in our opinion, the two most core activities in VC - have evolved over time, there are very few impactful innovations around the core technology stacks that VC firms actually develop or bring together. Therefore, we are bringing a full-stack approach to VC investing with our own early-stage investing technology stack at the center of everything we do. We will also use these platforms to create value to portfolio companies and our own investors/LPs. This partnership has invested in companies like App Annie, DraftKings, Gusto, Kakao, Outsystems, Robinhood, Rubrik, Virta Health, Cloudflare, Ometria, among many other “household” names. We have led and managed 5 VC funds between us with enviable returns, including top 2 to 5 percentile funds. We have created verifiable impact at-scale as operators in such household names as NCSOFT, McKinsey & Co, GSM Association, SK Telecom, Sonae. We have jumped off a cliff before and started our own companies… and we are doing it all over again, because we don’t rest on our laurels, because we have a fundamental new way of looking and executing in this space, because we love and feel blessed by being in venture capital… and because, deep down, we just want to do this, together. Last, but most certainly not the least, we are big believers that as much as technology will augment us… as much as our insights and instincts will support our decisions, people are still at the center of all of this. We have built unique networks of truly astonishing and generous people, not just in the geographies where we will have our offices, but around the world, where we will operate. All of us have worked in at least 3 different continents and will continue bringing to entrepreneurs all the resources that we have access to as individuals, as a firm, but also from our broader ecosystem of investors/LPs, advisors, friends. We will continue bringing a humanistic values-based approach to this profession (we don’t call it a job, around here): we will continue treating entrepreneurs’ start-ups as their babies… because they are; when we are tough, we will continue being thoughtful, fair and charitable.

Friends & Family Capital is a venture capital firm that backs entrepreneurs that transform big markets. The firm’s founding partners helped scale Palantir to $20 Billion (CFO from 2011 to 2017) and jointly backed over 20 Unicorn startups. Friends & Family Capital invests in business models that produce long-term and defensible compounding growth and cash flow. Core investments include Airtable, Anduril, Facebook, Figure, Flexport, Gusto, Mosaic, Palantir, Robinhood, SpaceX, and Verkada.

We invest in companies that leverage differentiated technologies and scalable business models to generate financial returns and drive innovation. We believe technology will meaningfully transform all sectors of the economy, from property development, to HR processes, to new cyber security challenges. We support the growth of leaders at the forefront of these transformations. THE AVP PLATFORM PROVIDES A UNIQUE AND DIFFERENTIATED VALUE PROPOSITION ARTICULATED AROUND 3 MAIN PILLARS: A multi-stage investment remit with independent, cross-fertilized strategies A global investment platform A unique network of LPs including AXA & Equitable, key partners for business development AVP is a $1bn venture capital firm Investing in seed and early stage companies through AVP Early Stage, and in growth stage companies through AVP Capital. We partner with exceptional founders who are building great companies. In our early stage investments, we look for product-market fit and initial traction. In our growth-stage investments, we seek companies with attractive unit economics, a robust customer base, and significant revenue growth. Our relationship with AXA means unique access for our portfolio companies to:Some of the world’s best risk managers, financial advisors, and data scientists AXA’s distribution networks and client base AXA’s strong global franchises and different lines of expertise – Property & Casualty, Life & Savings, Health, and Asset Management – provide a distinctive business portfolio. AVP’s expertise in our target sectors, global footprint, and relationship with our anchor investors AXA and Equitable and other LP allow us to meaningfully help our portfolio companies realize their potential. AVP’s value proposition is tailored for entrepreneurs, case by case, to create and deliver value. AVP portfolio companies will have preferred access to AXA’s resources, including the buying power and distribution capabilities of a €100B revenue company with 107 million customers. SEVERAL PILLARS TO SUPPORT COMPANIES: Global presence and ability to help companies scale internationally Introductions to AXA and our broader network as a potential customer, partner, distributor, or even strategic partner Strong expertise in several fields (enterprise software, marketplaces, fintech, consumer technologies and all insurance / asset management related verticals) Access to AXA and Equitable’s deep expertise in insurance and asset management, as well as the specialized expertise of our other LPs.

Edenred Capital is a Venture Capital firm with offices in London and Paris, backed by Edenred. We look for European Tech entrepreneurs reshaping interactions between companies, workers and merchants. We invest up to €5m in Seed to Series A rounds. Our investment scope covers Fintech, Commerce Tech, Future of Work and Professional Mobility. Creating opportunities for entrepreneurs Edenred is a leading provider of corporate transactional services, connecting 50m employees, 2m partner merchants and 850k corporate clients in 46 countries. Edenred Capital provides financial & strategic support to entrepreneurs. We facilitate relationships within Edenred's ecosystem to create operational synergies. We have an independent Venture Capital governance.

We’re building the next generation of conscious businesses that increase joy at work We are a startup studio and early stage investor focussed on increasing human happiness at work and in life. With a proven framework, we build high-growth, conscious-first companies. Super-charged inception We provide the idea, recruit exceptional co-founders, and we offer the initial capital of up to $500k. The 10x co-founder We work in the trenches with the team and provide a proven, repeatable framework to create a best-in-class technology company. Our areas of expertise cover all core business areas. Client & partner network We help our companies get the first set of alpha/beta clients, first paid clients, and a wide range of key partnerships. Investor access We have a large network of operators, founders and angel investors ready to invest in our companies’ seed round and we partner with top VC’s in Europe and the US for Series A and beyond.

We are optimistic about the future of labor and AI. We invest across stages We believe that the early and late stage distinction is over-rated. Early-stage companies can scale faster and with fewer resources than ever before, and late-stage companies can still exhibit power-law dynamics. More than this, we believe our superpower lies at connecting the horse-shoe ends of early and late stages, as energetic talent recycles, path-breaking insights light the way forward, and promising sparks grow rapidly into industry leaders. We invest for the long term Long-term partnerships over long horizons, understanding that building great companies requires patience and perseverance. On optimism We believe that optimism is the catalyst for innovation and progress. It's not about blind positivity, but rather a growth mindset that sees challenges as opportunities and fuels the courage to pursue ambitious goals. We partner with founders who embody this spirit, driving transformative change through their unwavering belief in a better future. Our values These principles guide our decision-making, shape our relationships, and inform our approach to investing and partnering with entrepreneurs. Harness first principles: We believe in understanding and applying timeless business fundamentals — just as in physics, chemistry or art we are propelled by historical study and innate curiosity to become better at our craft. We study the core principles that drive successful businesses and investing platforms. Navigate and adapt to ever-changing conditions: Business, economic, social and technology environments are constantly changing. Where others may see challenges, We study these changes, and help our portfolio companies stay agile and responsive to market shifts and new opportunities. Foster teamwork and diversity for results: Our team is collaborative and treats every individual, company and project with combination of care and gusto. We seek diverse perspectives, constructive deliberation, academic honesty, and entrepreneurs who challenge the status quo. Learn through practical experience: We have a bias toward action, act with fierce urgency. We learn by doing and doing the right thing. We encourage hands-on approaches and real-world testing to drive continuous improvement. Embrace the joy of the journey and the company: While we're serious about success, we never forget the excitement of the voyage and the crew. We believe in fostering a culture of enthusiasm and passion in pursuing truth and the future. Thoughtful, focused purpose trumps speed and chaos: Speed is critical in today’s business and investing environment, but great things take time. Finding the right balance of these tenets separates good from great, failure from success